Anderson Hoagland & Co. Sells 51 Shares of Alphabet Inc (NASDAQ:GOOG)

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Anderson Hoagland & Co. cut its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,179 shares of the information services provider’s stock after selling 51 shares during the period. Alphabet accounts for approximately 5.2% of Anderson Hoagland & Co.’s holdings, making the stock its 3rd biggest holding. Anderson Hoagland & Co.’s holdings in Alphabet were worth $8,529,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GOOG. Orrstown Financial Services Inc. acquired a new stake in shares of Alphabet in the 3rd quarter valued at approximately $26,000. HMS Capital Management LLC acquired a new stake in shares of Alphabet in the 2nd quarter valued at approximately $38,000. Thor Advisors LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $56,000. Permanens Capital L.P. raised its position in shares of Alphabet by 180.0% in the 2nd quarter. Permanens Capital L.P. now owns 70 shares of the information services provider’s stock valued at $76,000 after acquiring an additional 45 shares during the period. Finally, Camarda Financial Advisors LLC raised its position in shares of Alphabet by 35.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 77 shares of the information services provider’s stock valued at $83,000 after acquiring an additional 20 shares during the period. Institutional investors own 33.79% of the company’s stock.

A number of brokerages recently weighed in on GOOG. Benchmark reiterated a “buy” rating and issued a $1,360.00 price target (up from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. Cowen increased their price target on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group increased their price target on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,378.93.

In other news, Director John L. Hennessy sold 150 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the completion of the transaction, the director now directly owns 276 shares of the company’s stock, valued at approximately $338,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 25 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $1,219.01, for a total transaction of $30,475.25. Following the transaction, the director now directly owns 1,816 shares of the company’s stock, valued at $2,213,722.16. The disclosure for this sale can be found here. Insiders have sold a total of 5,391 shares of company stock valued at $6,502,992 over the last ninety days. Company insiders own 12.99% of the company’s stock.

NASDAQ GOOG traded up $13.18 during trading hours on Wednesday, reaching $1,202.31. 773,829 shares of the company’s stock were exchanged, compared to its average volume of 1,458,454. The company’s 50-day moving average is $1,204.62 and its two-hundred day moving average is $1,171.61. Alphabet Inc has a one year low of $970.11 and a one year high of $1,289.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. The company has a market capitalization of $838.32 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business had revenue of $38.94 billion during the quarter, compared to analysts’ expectations of $38.21 billion. During the same period in the prior year, the business earned $11.75 EPS. Alphabet’s revenue for the quarter was up 19.3% compared to the same quarter last year. Research analysts predict that Alphabet Inc will post 51.66 earnings per share for the current fiscal year.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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